Hi,

I thought I’d start up a thread that summarises the collective knowledge of this vast forum.

Don’t worry so much about the theory, perhaps post a personal experience about an aspect to property investing that you wish you knew about prior to beginning.

Here’s an example to get us started:

That you don’t need to know it all.

When I lack experience, most of my confidence comes from me trying to understand a topic inside out.

However, when it comes to investing, while a solid education in the basics is very, very important, the best way to learn is in the field.

This is because experience adds a context to the information you will learn by reading books, going to seminars etc.

So, my tip would be to be at ease with your investing by looking at it as a journey – whereas trying to know everything upfront will only end in confusion.

In summary, the better way to learn is ‘experience before education’… that is – gain a little bit of experience and then match it with a little bit of education in order to support your learning experience.

My investing journey leads me to believe that there will always be more to learn.

Please, post your own tip or insight and let’s build a really useful database of experiences.

Regards,

Steve McKnight